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Bus 101 Chapter 16

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10 questions
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  • Q1
    A bank promise, issued for a buyer, to pay a designated firm a certain amount of money if specified conditions are met.
    Personal loan
    Corporate Loan
    Letter of Credit
    Cash
    20s
  • Q2
    A financial institution accepting deposits and making loans primarily for home mortgages.
    Mutual Savings Bank
    Insurance Company
    Savings and Loan Association
    Credit Union
    20s
  • Q3
    An object that is portable, divisible, durable, and stable, and that serves as a medium of exchange, a store of value, and a measure of worth.
    Credit Card
    Debit Card
    Money
    Smart Card
    20s
  • Q4
    A UN agency consisting of about 150 nations that have combined resources to promote stable exchange rates, provide temporary short-term loans, and serve other purposes.
    FDIC
    IMF
    EFT
    NSA
    20s
  • Q5
    The electronic device that transfers funds from the customer's bank account to pay for retail purchases.
    Bankers acceptance
    Smart Card
    POS terminal
    ATM
    20s
  • Q6
    The percentage of its deposits that a bank must hold in cash or on deposit with the Fed.
    Discount rate
    Interest rate
    Reserve limit
    Reserve Requirement
    20s
  • Q7
    The electronic machine that allows bank customers to conduct account-related activities 24 hours a day, 7 days a week.
    ETF
    Checking Account
    ETM
    ATM
    20s
  • Q8
    The measure of the money supply that includes only the most liquid (spendable) forms of money.
    M-1
    M-2
    M-3
    M-9
    20s
  • Q9
    The management by a bank of an estate, investments, or other assets on behalf of an individual.
    Estate services
    Financial services
    Trust services
    Death services
    20s
  • Q10
    A bank promise, issued for a buyer, to pay a designated firm a specified amount at a future date.
    Letter of credit
    Buyer's promise
    Banker's acceptance
    Letter of debt
    20s

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